Retail suffered in Central Oregon due to recession

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Must Reads
Monday, December 15, 2014

The necessities — health care, schools — were able to grow in step with the bevy of new residents.

 

Home sales in Portland drop in November

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Monday, December 15, 2014

The sales numbers were down from October, but up from November of 2013.

 

Winemakers reflect fondly on 2014

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Monday, December 15, 2014

Oregon Wine Board says the 2014 crop of bottles could be "the vintage of a lifetime."

 

New Relic's shares soar after IPO

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Friday, December 12, 2014

The San Francisco startup keeps its engineering team in downtown Portland.

 

Nike HQ expansion OK'd by Washington Co.

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Friday, December 12, 2014

The sneaker company's plans for 1.3 million square feet of new space was approved by the county's Land Use and Transportation department.

 

Business crowdfunding rules being determined by the states

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Friday, December 12, 2014

States are coming up with their own crowdfunding rules in response to federal inaction.

 

Pro-labeling campaign concedes

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Friday, December 12, 2014

Supporters of Measure 92 were forced to give up after the automatic recount showed they were still behind.

 
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Editor's Letter: Power Play

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There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation. Here’s an excerpt:

Old power works like a currency. It is held by few. Once gained, it is jealously guarded, and the powerful have a substantial store of it to spend. It is closed, inaccessible, and leader-driven. It downloads, and it captures.

New power operates differently, like a current. It is made by many. It is open, participatory, and peer-driven. It uploads, and it distributes. Like water or electricity, it’s most forceful when it surges. The goal with new power is not to hoard it but to channel it.

The authors, Henry Timms and Jeremy Heimans, don’t necessarily favor one form of power over another but merely outline how power is transitioning, and how companies can take advantage of these changes to strengthen their positions in the marketplace. 

Our Powerbook issue might be viewed as a case study in the new-power transition. This annual book of lists provides information on leading businesses, nonprofits and universities in the state. Most of the featured companies are entrenched power players now pursuing more flexible and less hierarchical approaches to doing business. Law firms, for example, are adopting new technologies and fee structures to make legal services more accessible and affordable.

This month we also take a look at a controversial new U.S. Securities and Exchange Commission rule requiring public companies to disclose the median pay of workers, as well as the ratio between CEO and median-worker pay. 

Part of the 2010 Dodd-Frank financial reform law, the rule will compel public companies to be more open about employee compensation, with the assumption that greater transparency will improve corporate performance and, perhaps, help address one of the major challenges of our time: income inequality.

New power is not only about strategy and tactics, the Harvard Business Review authors say. “The ultimate questions are ethical. The big question is whether new power can genuinely serve the common good and confront society’s most intractable problems.”

That sounds like a call to arms. Or a New Year’s resolution. Old power or new, the goals are the same: to be a force for positive change in the world. Happy 2015!

— Linda


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Dan and Louis Oyster Bar opens up to a changing neighborhood

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